Living Above the Workshop Made It Easy to Involve the Children

question 36

Multiple Choice

Living above the workshop made it easy to involve the children in the daily business decisions. The children knew from the time they could write they were expected to work in and eventually manage and own the business. This family's commitment to the business is based on

• A) family control and influence.
• B) identification of family members with the firm.
• C) binding social ties.
• D) renewal of family bonds to the firm through dynastic succession.

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Definitions:

Mexican Laws

The legal system of Mexico, which is based on civil law principles, incorporating statutes, codes, and judicial precedents.

Nachfrist

A german term used in contract law that refers to a grace period given to fulfill an obligation before a contractual breach is declared.

Concept

An abstract idea or general notion that represents something.

Buyer

A person or entity that purchases goods or services from another; the purchaser in a transaction.